While exports from sanctioning countries to Russia declined significantly after February 2022, a third of sanctioned products and two thirds of strategic products have been fully compensated by non-sanctioning countries. However, this trade diversion comes at a cost: Between the first and second quarter of 2022, the price index of Russian imports jumped by 15.7%, breaking a long period of moderate growth. The overall increase in Russia’s import prices is not related to Russian imports switching to more expensive exporters. On the contrary, after 2022, Russia began importing from new origins that are cheaper, suggesting that these new suppliers were offering lower-quality products. Charlotte Emlinger, Kevin Lefebvre 

The BACI and CHELEM databases have been retroactively revised and expanded to include the additional year 2023. These databases are used in the Framework, Balance & Exchange, Comparative Advantages, Types & Ranges, and Products & Partners sections. The McMAP data, which previously covered 2016, has been updated for 2022 in the Tariff Protection section.